Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 715 - Interactions between this Part and other areas of the income tax law  

Subdivision 715-A - Treatment of unrealised losses existing when ownership or control of a company changes before or during consolidation  

General provisions about loss denial pools

SECTION 715-155  

715-155   When asset leaves pool  

A ^* CGT asset leaves a ^* loss denial pool:

(a) just after a ^* realisation event happens to the asset, unless the realisation event is the ending of an income year (in the case of an item of ^* trading stock); or

(b) as mentioned in subsection 715-120(2) (when it becomes an asset of the leaving entity).